Global semiconductor company picks Arizona for $12B factory

May 15, 2020, 7:54 AM | Updated: 9:17 am

Taiwan Semiconductor Manufacturing Company...

(Taiwan Semiconductor Manufacturing Company Photo)

(Taiwan Semiconductor Manufacturing Company Photo)

PHOENIX – A global semiconductor company has selected Arizona as home for a new high-tech factory, picking the Grand Canyon State for the coveted $12 billion project after a national search.

Taiwan Semiconductor Manufacturing Company’s decision to build a production facility at a site to be determined in Phoenix was lauded Thursday night by state and national officials.

“The TSMC deal is a game changer for the U.S. semiconductor industry that will bolster American national security and our economic prosperity,” U.S. Secretary of State Mike Pompeo said in a statement.

The project will create about 1,600 tech jobs and generate thousands more in the state for suppliers and other companies in the semiconductor industry, according to the Arizona governor’s office.

“TSMC could have picked any place in the world to build this advanced manufacturing factory,” Gov. Doug Ducey said in a press release.

“They chose Arizona for our unbeatable business climate, already thriving tech sector and ready access to an international supply chain.”

Construction on the company’s second U.S. manufacturing facility is scheduled to start in 2021, and it should be operating by 2024.

“TSMC’s plan to build a $12 billion semiconductor facility in Arizona is yet another indication that President [Donald] Trump’s policy agenda has led to a renaissance in American manufacturing and made the United States the most attractive place in the world to invest,” U.S. Secretary of Commerce Wilbur Ross said in a press release.

“This plan is the result of years of close collaboration among TSMC, the governor of Arizona and his staff, and the administration.”

TSMC, which is headquartered in Hsinchu, Taiwan, has operations in Asia, Europe and North America.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

Sebastian Maniscalco performs on stage...

Comedian Sebastian Maniscalco to stop in Phoenix on ‘It Ain’t Right Tour’ next year

Stand-up comedian Sebastian Maniscalco announced a stop on his tour next year in Phoenix.

53 minutes ago

Two people are dead after an apparent murder-suicide in Glendale on Tuesday night, Nov. 28, 2023....

Couple’s children were home at time of murder-suicide in Glendale

Two people are dead after a murder-suicide in Glendale on Tuesday. The couple's children were home when their mother was shot.

2 hours ago

Phoenix-based caterer M Culinary Concepts is looking to hire more than 300 hospitality professional...

Damon Allred

M Culinary Concepts hiring hundreds ahead of Valley event season

Arizona-based caterer M Culinary Concepts will hire over 300 hospitality professionals ahead of upcoming events in the Valley.

3 hours ago

patrol vehicle in San Tan Valley nieghborhood...

Teen fatally shot in San Tan Valley neighborhood; 17-year-old suspect arrested

A suspect is in custody after a teenager was fatally shot in a San Tan Valley neighborhood Tuesday night, authorities said.

4 hours ago

Hilton Family Holocaust Education Center, Phoenix...

Balin Overstolz McNair

1st permanent Holocaust museum to be built in Phoenix

The Arizona Jewish Historical Society on Tuesday announced plans to build the first permanent Holocaust education center in Phoenix.

6 hours ago

Arizona Gov. Katie Hobbs signs a petition that would expand abortion rights in the state if on the ...

Heidi Hommel

Arizona Gov. Hobbs signs abortion rights petition, reaffirms desire for more access

Arizona Gov. Katie Hobbs wants to see abortion rights enshrined in the state constitution, but took a ceremonial step Tuesday in making sure the issue was on the ballot next year.

6 hours ago

Sponsored Articles

Follow @KTAR923...

Valley residents should be mindful of plumbing ahead of holidays

With Halloween in the rear-view and more holidays coming up, Day & Night recommends that Valley residents prepare accordingly.



Key dates for Arizona sports fans to look forward to this fall

Fall brings new beginnings in different ways for Arizona’s professional sports teams like the Cardinals and Coyotes.



Importance of AC maintenance after Arizona’s excruciating heat wave

An air conditioning unit in Phoenix is vital to living a comfortable life inside, away from triple-digit heat.

Global semiconductor company picks Arizona for $12B factory